General Motors CEO - Rick Wagoner Resigns..
Just heard that Rick Wagoner resigned....not sure if this was posted already.
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:zowned:
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He was asked by the Whitehouse to resign and he did. I guess the president knows more about running GM than the Board does
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is this the change everyone wanted?
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Wagoner has been in charge for 9 years.
GM's performance over the past 9 years has not been great and the decisions made over that period have resulted in what we see today. 9 years is enough time to make an impact and Wagoner's leadership have led GM to what it is today. If it were a bank GM was approaching for cash vs the federal Government... I would think the Bank would ask for "regime change" as well before loaning a coulpe of billion dollars. |
Considering the size of the bailout, I think the government has the right to get some influence..........Think of it almost like buying themselves 2-3 seats on the board.
Or would you guys prefer that they go bankrupt without any bailouts? |
with bankruptcy they could renegotiate the contracts right?
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"So..... you want me to step down Mr President???? You say its for the betterment of the company?? Heh heh, pay up suckers!" |
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